NOUAKCHOTT, March 27, 2025 - The World Bank Group today approved the Mauritania Development of Energy Resources and Mineral Sector Support Project-known as the DREAM Project-to boost green hydrogen development, expand energy storage, and support critical reforms in the mining sector.
"The Mauritania DREAM Project is a transformative step toward a more resilient future that entails stronger economic growth, more jobs, and long-term energy security," said Ibou Diouf, World Bank Country Manager for Mauritania.
The project will finance Mauritania's first large-scale battery energy storage facility, enabling the country to harness its abundant solar and wind resources for more reliable electricity. This investment is critical to the success of Mauritania's Mission 300 Energy Compact, which aims to achieve universal access to electricity by 2030.
DREAM is key to helping Mauritania estimate and promote its critical mineral potential through geological surveys. The project will also implement the recently approved Green Hydrogen Law, one of the first in Africa. The project will help establish a regulatory agency, develop implementing regulations, promote environmental and social standards, and attract private investments.
"This project will position Mauritania as a leader in critical minerals, green hydrogen and energy storage, -driving job creation and expanding economic opportunities for all Mauritanians," said Demetrios Papathanasiou, Global Director for Energy & Extractives at the World Bank.
Beyond infrastructure, DREAM will support institutional capacity, technical education, and workforce development, including targeted support for women in energy and mining. It reflects a collective approach to accelerating Mauritania's long-term energy security.
The DREAM project is a prime example of the One World Bank Group approach, closely aligning with the International Finance Corporation's (IFC) proposed mobilization of financing projects that will spur national mineral production. It also enables Mauritania to develop its mineral sector in ways that reduce pollution, improve governance, and benefit communities. The World Bank is partnering with GIZ, the European Union, UNDP, and AFD to mobilize funding and expertise that align with the country's energy goals. Project preparation received support from the Energy Sector Management Assistance Program (ESMAP), the Public-Private Infrastructure Advisory Facility (PPIAF), and the Korea World Bank Partnership Facility (KWPF).
